H1 2015 Results

Net Income: 227 million euro, +38%
Assets under administration: 69.8 billion euro, +14%
Total net inflows: 2,638 million euro
of which Mutual Funds: 2,910 million euro

The Board of Directors of Mediolanum S.p.A. met today in Basiglio (MI) and approved the Consolidated Interim Financial Statements as at June 30, 2015.

CONSOLIDATED GROUP RESULTS for the first half-year mark the most solid quarter in the history of Mediolanum, thanks to the continuous increase in assets and to the uninterrupted growth – in the second quarter as well - in recurring revenues. Among these, management fees registered an increase of 27% with respect to the same period last year, confirming the sustainability of the business model.
It should be noted that the growth in economic results is accompanied by a capital position that places Mediolanum among the most solid of the Italian banks.

Therefore:

• Net Income was at 227.4 million euro, +38% with respect to the same period last year.
• Assets under Administration went up to 69,841 million euro, an increase of 14% with
  respect to June 30, 2014 and 8% with respect to the beginning of the year.
• The Common Equity Tier 1 Ratio was 18.5% as at June 30, 2015.

In more detail, with reference to Banca Mediolanum:

• Net Inflows were positive at 2,173 million euro overall, +15% compared to the same period last year. Net inflows into mutual funds (including those underlying Unit-Linked policies) deserve particular attention, totalling 2,712 million euro, +17% with respect to the same period last year;
• Total Retail Loans came to 5,831 million euro, a growth of 18% with respect to June 30, 2014. Net Non-performing Loans were equal to 0.7%;
• The number of Licensed Advisors came to a total of 4,393 as at June 30. 2015;
• There was a total of 1,101,503 Customers as at June 30. 2015.
• Current accounts and Deposit accounts reached a total of over 800,300 as at June 30, 2015.

Highlights in particular with respect to Banca Esperia:

• Net Income was at 5.8 million euro, a decrease of 23% with respect to the same period last year.
• Assets under Administration reached 17,612 million euro, an increase of 14% with respect to June 30, 2014 and 11% since the beginning of the year.

With reference to the Foreign Markets:

• Net Income in the Foreign Markets came to 4.5 million euro;
• Assets under Administration totalled 3,897 million euro, an increase of 26% with respect to June 30, 2014 and 12% since the beginning of the year.

 

Please remember that the Group Interim Financial Statements are currently under review on a limited basis by the independent auditors, who have not yet issued their report. In an effort to provide more complete disclosure about the results as at June 30, 2015, we have attached the segment report detailing income statement data, reclassified to reflect the criteria used by the Mediolanum Group. This reclassified segment report is not subject to audit by the independent auditors.

The Officer responsible for preparing Mediolanum S.p.A accounting documents, Luigi Del Fabbro, declares that, in compliance with the requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books.

A presentation in English of the financial information contained herein will be made available at the authorised storage service Bit Market Services (www.emarketstorage.com) and at www.mediolanum.com in the section Investor Relations > Financial Data > Presentations.
The Financial Statements as at June 30, 2015 will be available according to the terms set by law at the company's Registered Office in Basiglio - Milano 3, Palazzo Meucci - Via F. Sforza, on the website www.mediolanum.com, at the authorised storage service Bit Market Services (www.emarketstorage.com).
The Independent Auditors' report will be published in the same manner, as soon as it becomes available pursuant to current applicable regulations.

Attachments:

• Balance Sheet as at June 30, 2015
• Reclassified Income Statement as at June 30, 2015
• Segment Report as at June 30, 2015

Basiglio - Milano 3 City, July 30, 2015

Contacts: Media Relations Rosamaria Salatino Tel +39 02 9049 2027 e-mail: rosamaria.salatino@mediolanum.it

Investor Relations Alessandra Lanzone Tel +39 02 9049 2039 e-mail: investor.relations@mediolanum.it

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